How can it be possible coping with one source of income

[Blackie@5]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

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[Findingnemo]

Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.

[kentrolla]

Yes even I have gone through this as I had been doing more than one job but still struggling to cope with with the bills even after cutting down on all the unnecessary expenses. Here's the point if you are working multiple job with lesser income you will still struggle rather upskill yourself with the latest technology and get into high paying jobs in the market. Because I have seen a friend of mine who had invested his free time doing some networking course and end up earning more than what I earn with my two jobs combined. We need to focus on increasing our salary and yes having multiple stream of income is must as you never know when you may lose your job especially now as we are witnessing layoffs by tech giants as well, hence cannot be dependent on just one job or stream.

[Ndabagi01]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Yes, some people can pay their bills using only one source of income because their expenses are equal to or less than their total weekly or monthly income. Many people who do not see one source of income as a reliable and satisfying source of income are living above their means, which causes them to constantly feel as if they are not living up to the standard they desire, resulting in additional expenses and making life miserable for themselves to contain.

Another reason you may notice that your source of income is insufficient to cover all of your bills is due to an increase in the cost of living caused by economic changes. If taxes, bills, and food prices rise while your monthly allowance remains unchanged, it becomes extremely difficult to cope with the economy, and your income cannot cover all of your expenses.

[Zlantann]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Living well on a single source of income will be determined by how much you earn and how you spend the money. Some business executives earn a lot of money that is enough to take care of their basic and other needs. Now, earning high doesn't necessarily mean surviving on a single income is a guarantee because many people are indebted even with a jumbo salary. This is caused by overspending or living in luxury more than they can afford. Some people earn little yet they live well with a single source of income. These people have learned how to cut expenses and live within their income. But just as OP said, it is becoming very difficult to survive on one source of income. Most people I know who are living comfortably have more than one source of income.

[Stepstowealth]

though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

People who have been able to sustain their lifestyle from one source of income is because the source of income is a really well paying source of income that provides enough money to satisfy all their needs and for extra. Even on that, people who are like this and doing well on one source of income are still threatened to seek other sources of income and not totally depend on that because anything can happen and should be expected in this sort of economic climate.

[Bloodseekers]

though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

People who have been able to sustain their lifestyle from one source of income is because the source of income is a really well paying source of income that provides enough money to satisfy all their needs and for extra. Even on that, people who are like this and doing well on one source of income are still threatened to seek other sources of income and not totally depend on that because anything can happen and should be expected in this sort of economic climate.

Those who can still maintain a luxurious lifestyle by having a source of income of course they have a high income and they can use the income they have for things they want, but I'm not sure they have a lot of savings because no matter how big the income they have if they continue to use it of what they want will of course only be enough for their needs and lifestyle but it will be very difficult to save.

Yes, each person certainly will not be able to survive with only one source of income. If they have a luxurious lifestyle, of course they will look for several sources of income so that they can have savings and investments for their future.

[Baki202]

Yes even I have gone through this as I had been doing more than one job but still struggling to cope with with the bills even after cutting down on all the unnecessary expenses. Here's the point if you are working multiple job with lesser income you will still struggle rather upskill yourself with the latest technology and get into high paying jobs in the market. Because I have seen a friend of mine who had invested his free time doing some networking course and end up earning more than what I earn with my two jobs combined. We need to focus on increasing our salary and yes having multiple stream of income is must as you never know when you may lose your job especially now as we are witnessing layoffs by tech giants as well, hence cannot be dependent on just one job or stream.

You cannot do multiple jobs and still expect to be able to cope with the bills, You need more income to be able to survive with all these bills because everything keeps increasing and the pay is not increasing. Sometimes I wonder how people are surviving, even with cutting down expenses, you won't be able to avoid spending more. And there is no way you will say you do not want to work it is not possible because you will just starve. If you look at the population and compare wealthy people with average people, the difference is clear.

we have more average people than wealthy people and these average people are survivals People are given more priority to tech than even normal jobs now, and the tech era is taking over, so you have to choose if you want to earn well, There are a few steps that you can take, for example gambling, investing in bitcoin or even learning a programming language tech jobs will fetch you more money.

[Lorence.xD]

If you are sticking with one source of income, it is either you would strive for a higher position or higher salary to afford things. Another option is to adjust your expenses for things to be enough given the circumstance of only having a single source of income. But personally, eversince I started working, I never settled with a single stream of income. Well, yes, it is sometimes tiring however if you desire of more things then you should move more. Nothing's easy when it comes in life so better make the adjustment to serve the purpose you always wanted. You could start with learning new set of skills or things which may increase your credentials and/or the things you could offer in order to simply earn more. Again, this is an option if you no longer consider having two sources of income. It aso depends on what would work best for you given that we are living under different circumstances. Some people are okay with one job, and that's just fine. What matters is being able to suffice your daily needs and being able to save up for future nd emergency purposes, even little by little.

[franky1]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

seeing some humans in public does not reveal how well they are operating behind the door of their house
many people drive a leased/loaned car and have a mortgage which they are only paying minimums of. where they are getting into deeper debt, but presenting themselves on the public street as successful

you need to stop looking at others and wanting to be them and instead concentrate on your own finances.
open your last 3 months of bank statements/ purchase receipts

look at the incomes and write down the average monthly income..
then look at the ESSENTIAL bills
housing cost(rent or mortgage plus any county taxes, insurances, HOA's related to the housing costs)
utilities(electric, gas, water)
transport(car costs, insurances, fuel. public transport.. but just for work grocery transport, not social occassions)
basic communication (basic plan internet/phone just to contact work that you are sick or to look for jobs. not the entertainment pack/add-ons)

separately look at the total grocery spends. (not fast food, not snacks) and average a monthly amount
work out the income vs those essential expenses

next is work out the other stuff.. work out where you are wasting funds. and list them all. find out whats really important to progressive life not a life that just keeps you in the same position.
do you need certain brand of groceries. do you need as much snacks/fast food. do you need a certain shiny car. do you need the entertainment packages.

try and see where you can reduce costs or sell things,or things that you can downgrade to smaller things.
do you need the extra bedroom/floor space or is there a smaller place you can live and save some money

[GiftedMAN]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

It is very difficult right now to survive with one source of income unless you are into a business that is bringing out profits to you on a daily basis and the profits you make is able to sustain you and also keep the business going otherwise I don't think one source of income can sustain anyone in this present economy where there is high inflation on almost everything. The people you saying paying different bills have you wondered how they manage to survive? A lot of people out there are dying in pretense some are showing off when they don't have nothing and some are also comfortable because of the kind of businesses they are into you shouldn't look forward to them rather you need to minimise your level of expenses or better still do things according to your earnings otherwise you won't have enough money to pay your bills.

[khiholangkang]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

No matter how much money you earn, if you are not able to manage it well, it will have no meaning at all. However, if you feel that your income is still not enough to meet your daily needs and pay your bills, then try to find additional income, for example by looking for a side job. Working part time is tiring, but it will be even more tiring if your needs and bills cannot be met. and after that, manage the income you have earned well. and I suggest that when your bill is paid off, stop taking out loans or taking out credit, because this really torments you.

Actually taking out a loan is not a bad thing, but if it is not managed well it will make your life even more difficult. Taking out a loan to cover a previous loan is something you should not do. Because it could make it possible for you to get into debt.

[stomachgrowls]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

All matters on budgeting i should say. It would be always that depending on the income you are making with your day job.
Set for example when im still having that one job before knowing crypto space... Salary would be divided into parts.

1. Bills
2. Food
3. Rent
4. Loans
5. Emergency Funds/Savings

These things should be mandatory except Loans but with having those shortage then it cant really be avoided on not to take one but as much
as possible you should really be avoiding this at all cost.

If you do saw that you do have that shortage with your income no matter how you do far stretched it out then it would be the best
time for you to look for alternative.Dont stop for 1 job as much as possible because of the problems that we do have on day to day basis
which its never been simple nor easy.

[tyz]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Could you perhaps specify which country you live in and what income (or at least if you are below or above average) you have and how many people you have to feed with it (just yourself or a family)? Because there are very big differences from country to country and region to region. For example, here in central Europe it is still pretty common to live from one income source pretty good.

[serjent05]

Proper financial management, that is how it is done. If you have only one job always have a check and balance.  Check if your expenses exceed your income, if your income is short then check if you can cut some unnecessary expenses.  This way you may be able to meet your needs with just a single source of income.  One must be thrifty and live a simple life if his income is just enough to meet his needs.  Always prioritize the most important in setting up a budget and drop those that are not essential.  This will greatly help in lowering our monthly financial expenses.  

But there are cases when a monthly salary is not enough, this case can be seen in underpaid people so there is nothing for that person to do but look for an extra income.

[Fortify]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Some humans? Are you not human? That's a pretty strange way to write about other people but it might just be a language barrier thing. Anyway, the only way to move up in life if you feel like you're floundering when it comes to your finances, is usually to move jobs or get an additional side hustle on the go. If you're planning to switch jobs, it's better to stay employed and move from that position of strength while you apply elsewhere, you can also try to get as much extra education as possible especially if you can squeeze it from time with your current employer. Unfortunately employees and employers are in a constant battle with the latter trying to keep wage growth suppress because it effects the profits at the top.

[coolcoinz]

I used to earn very little for a time and would simply cut spending. I remember that once we were renting out a flat with my girlfriend and we both had low income and the bills for the apartment + food was 80% of our combined money every month, so we wouldn't party, go to the cinema, buy any expensive stuff. We had some emergency money in case something broke or we got sick and we survived. After 2 or 3 years I got a better job, started investing in bitcoin and everything improved.

My parents had 1 source of income all their lives and they managed. It's easy, you just need to manage expenses and buy what you really need.

[topbitcoin]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

You are indeed in a difficult situation, how is it possible that with the burdens and responsibilities you have, you only depend on one source of income? But thankfully you can realize this situation. It's not too late, keep doing your best. because to face a situation like this, hard work, smart work and high dedication are needed.

Actually, depending on one income is not so bad, compared to having no income at all. But with the caveat that you continue to increase the level of ability, knowledge and creativity that you have, become someone who is an expert in your field. When you are able to have a deep understanding and ability in a particular field, this can help you improve your career in the world of work, so that your income will also increase. Be a figure who cannot be replaced by anyone else. Make the company you work for depend on you. Not the other way around, where you are the one who depends on the company where you work. "Don't say this is impossible, because with perseverance and strong belief, nothing is impossible that you can conquer."

[Fatunad]

I used to earn very little for a time and would simply cut spending. I remember that once we were renting out a flat with my girlfriend and we both had low income and the bills for the apartment + food was 80% of our combined money every month, so we wouldn't party, go to the cinema, buy any expensive stuff. We had some emergency money in case something broke or we got sick and we survived. After 2 or 3 years I got a better job, started investing in bitcoin and everything improved.

My parents had 1 source of income all their lives and they managed. It's easy, you just need to manage expenses and buy what you really need.

You would really be needing to have that expense cutting if you do see that you are overdropped then you would be needing to lessening up those bills and expenses.
Ex. If you electricity consumption is high then you should be that mindful about savings on which its a basic stuff. When it comes to food on which as long it do fits and provides your stomach to full
then dont ask for more. For those wants then better skip that one.. Set your priorities first but not on the sense that you would really be spending up that much.
Always considering on living within your means because if you do live out a life which is more than on what you do earn then you would be basically be ending up on overdropped,
the worst you might be ended up on having tons of loans.

Just like on what most people been suggesting that if you've been able to see yourself having that hardship then it would be best that you should be looking
for another source of income to ease out that problem.

[DabsPoorVersion]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

I suggest that you take a close look at all your expenses and see if there are any that you can cut back on to reduce your overall spending. Additionally, you might want to consider searching for a better or higher-paying job, which could help you increase the amount of money you have available to cover your bills and daily needs. I understand that this is a challenging task that will require a lot of time and effort to overcome. However, you must stay positive, put in the necessary effort, and keep your long-term goals in mind.